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How multinational companies (MNCs) finance their operations in China.

by Shum Sze Kei. / Thesis (M.B.A.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 43-46). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / CHART --- p.vi / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Objectives Of The Study --- p.2 / Methodology Of The Study --- p.2 / Chapter II. --- MNCs IN CHINA --- p.4 / Leading MNCs In China --- p.4 / MNCs' Investments In China --- p.5 / Different Entry Modes & Impact Upon Financing --- p.6 / The Trend Of Entry Mode To China --- p.6 / Joint Venture --- p.7 / Wholly Foreign Owned Enterprise --- p.8 / Joint-stock Company --- p.8 / Holding Company --- p.9 / Group Finance Company --- p.10 / Chapter III. --- FINANCING NEEDS OF MNCs IN CHINA --- p.11 / General Financing Environment In China --- p.11 / Financing Concerns Of MNCs In China --- p.12 / Political Risk --- p.12 / Exchange Rate Risk --- p.13 / Foreign Exchange Control --- p.13 / General Financing Criteria Of MNCs In China --- p.14 / Maximizing Debt And Minimizing Equity --- p.14 / Maturity Matching --- p.14 / Currency Matching --- p.15 / Financing Needs Of MNCs In China --- p.15 / Short-term Domestic Currency Financing --- p.15 / Long-term Domestic Currency Financing --- p.16 / Short-term Foreign Currency Financing --- p.16 / Long-term Foreign Currency Financing --- p.16 / Hedging Instruments --- p.16 / Chapter IV. --- HOW MNCs IN CHINA CURRENTLY FINANCE THEIR OPERATIONS? --- p.18 / Availability Of Financing --- p.18 / Domestic Banks --- p.19 / Foreign Banks --- p.19 / Foreign Currency Financing --- p.20 / Trade Financing --- p.20 / Working Capital Financing --- p.21 / Long-term Financing --- p.22 / Syndicated Financing --- p.22 / Domestic Currency Financing --- p.22 / Working Capital Financing --- p.23 / Long-term Financing --- p.24 / Syndicated Financing --- p.24 / Hedging Instruments --- p.25 / Case Study - --- p.25 / Background Information --- p.25 / Financing Requirements --- p.26 / How The Company Currently Finance Their Operations? --- p.27 / A Few Observations From The Case Study --- p.27 / Chapter V. --- RESTRAINTS OF THE FINANCIAL MARKETS IN MEETING MNCs NEEDS --- p.29 / Lack Of Support From Domestic Banks --- p.29 / Lack Of RMB Financing From Foreign Banks --- p.30 / Lack Of Long Term Financing --- p.31 / Lack Of Access To Equity Financing --- p.31 / Lack Of Bond Market --- p.32 / Lack Of Hedging Instruments --- p.33 / Chapter VI. --- ANTICIPATED FUTURE CHANGES OF THE FINANCIAL MARKETS IN MEETING MNCs NEEDS --- p.34 / Impacts Of WTO --- p.34 / Impact On Banking Sector --- p.34 / Impact On Equity Markets --- p.35 / Impacts Of Banking Reform --- p.35 / Impact On Domestic Banks --- p.35 / Impact On Equity And Bond Markets --- p.37 / Chapter VII. --- RECOMMENDATIONS TO MNCs IN CHINA AS REGARDS FINANCING --- p.39 / Explore Other Entry Modes When Setting Up Operations In China --- p.39 / Centralize Finance Activities For Efficient Management --- p.39 / Cultivate Relationship With Domestic Bank --- p.40 / Maintain Good Relationship With Foreign Banks --- p.41 / Improve Financial Accounting And Reporting Of China's Operations --- p.41 / BIBLIOGRAPHY --- p.43

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_322915
Date January 2000
ContributorsShum, Sze Kei., Chinese University of Hong Kong Graduate School. Division of Business Administration.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, vi, 46 leaves : ill. ; 30 cm.
CoverageChina, China, China, China
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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